- ETC/USD went down from $7.24 to $7.08 this Tuesday.
- After a couple of bearish days, it looks like the bulls may finally catch a break.
ETC/USD has seen two consecutive bearish days in a row. On Monday and Tuesday, ETC/USD had gone down from $7.73 to $7.08. However, as per the daily confluence detector, it looks like the bulls are about to catch a break. If the bulls can gather enough steam, they can shoot the price up to $7.60.
ETC/USD Daily Confluence Detector
As per the daily confluence detector, the resistance levels worth noting lie at $7.15, $7.30, $7.38, and $7.59. The confluences at those levels are:
- $7.15: 5-day simple moving average and daily 23.6% Fibonacci retracement level.
- $7.30: Daily 38.2% Fibonacci retracement level.
- $7.38: –
- $7.59: Daily 61.8% Fibonacci retracement level.
The support levels lie at $7.05, $6.95, and $6.73. The confluences at those levels are:
- $7.05: Weekly pivot point resistance 2 and SMA 10.
- $6.95: 15-min Bollinger band lower curve, daily Bollinger band upper curve, and 4-hour Bollinger band middle curve.
- $6.73: Daily pivot point support 1 and SMA 100.
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